M&A Deal Summary |
|
|---|---|
| Date | 2007-02-01 |
| Target | RailAmerica |
| Sector | Transportation |
| Buyer(s) | Fortress Investment Group |
| Sellers(s) | JPB Partners |
| Deal Type | Going Private |
| Deal Value | 1.1B USD |
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| Category | Asset Manager |
|---|---|
| Founded | 1998 |
| PE ASSETS | 36.1B USD |
| Size | Mega |
| Type | Sector Agnostic |
Fortress is a public investment firm that manages hedge fund and private equity investments. Fortress' private equity practice primarily makes control-oriented investments in North American and Western European businesses with significant asset-bases and strong cash-flows. Fortress is open to investing in a wide range of sectors, however the Firm has tended towards capital intensive sectors. These include transportation, financials, senior living/healthcare, real estate, media & telecommunications, leisure and energy infrastructure. The pivate equity group also invests in publicly traded alternative investment vehicles, which Fortress refers to as 'castles' that primarily invest in real estate and real estate related debt. Fortress is based in New York City with additional offices in Atlanta, Chicago, Dallas, Frankfurt, Geneva, Hong Kong, London, Los Angeles, Munich, New Canaan, Rome, San Diego, San Francisco, Sydney, Tokyo, and Toronto.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 45 |
| Sector (Transportation) | 2 of 3 |
| Type (Going Private) | 4 of 7 |
| State (Florida) | 3 of 5 |
| Country (United States) | 15 of 33 |
| Year (2007) | 2 of 8 |
| Size (of disclosed) | 9 of 22 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-02-01 |
Holiday Retirement
Winter Park, Florida, United States Holiday Retirement is the largest private owner and operator of independent living communities for seniors in the United States. Holiday Retirement was founded in 1971 and is based in Winter Park, Florida. |
Buy | $6.9B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-05-08 |
Florida East Coast Railway
Jacksonville, Florida, United States Florida East Coast Railway provides rail service along the east coast of Florida and is the exclusive provider of rail service to South Florida’s ports—Port Miami, Port Everglades, and the Port of Palm Beach. |
Buy | $3.5B |
| Category | Asset Manager |
|---|---|
| Founded | 1995 |
| Size | Small |
| Type | Sector Agnostic |
JPB Capital Partners LLC is the private equity affiliate of merchant bank JPB Enterprises. JPB Capital looks to invest in lower middle-market businesses located in the Mid-Atlantic and Southeast regions of the US. Target businesses typically have revenues of $10 to $100 million and EBITDA greater than $2 million. Sectors of interest include distribution, business services, food/beverage, manufacturing, and specialty contracting. The Firm prefers control positions. The firm invests in the range of $3 to $10 million per transaction. JPB Capital Partners is located in Columbia, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 23 |
| Sector (Transportation) | 1 of 1 |
| Type (Going Private) | 1 of 2 |
| State (Florida) | 1 of 2 |
| Country (United States) | 9 of 23 |
| Year (2007) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-01 |
Utility
Seattle, Washington, United States Utility, Inc. a retail store fixtures provider located in Seattle, WA. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-06-01 |
The Greene Turtle
Westminster, Maryland, United States The Greene Turtle is a family-friendly casual dining restaurant and dynamic sports bar with 41 company-owned and franchised locations across the Mid-Atlantic, Northeast and Appalachian regions of the United States. |
Buy | - |
